Credit Union Hours
Mon - Thur -- 9:00AM to 5:00PM 
Friday -- 9:00AM to 6:00PM 
Closed Weekends and All Federal Holidays 
Lost or Stolen Debit Card: 
(800)543-5073 
 

Vehicle Loan

New - Used

The loan is secured by a title to an automobile, truck, motorcycle, RV, ATV, or boat. Vehicles being purchased from a dealer should be accompanied with the bill of sale. Used vehicles may require an appraisal if the Credit Committee deems one necessary. The vehicle ID number must be given to the Committee before the loan papers are drawn up. Proof of fire, theft, and collision insurance with a $500 deductible and a loss payable clause to the Credit Union is required.

  • Maximum amount is based on the NADA book value.
  • Maximum term is determined by the book value of the vehicle.
  • Rates are determined by the value of the vehicle, the percent of that value to be financed, and the length of time to be financed.

New Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes
Click Here for our Think Spring Disount of 0.50% on Vehicle Loans*

  • 2011 Model Year and Newer Vehicles
  • Loan limit - 90% of Manufacturers Suggested Retail Price or NADA suggested retail value
  • If the vehicle mileage exceeds 15,000 miles per model year, there will be a high mileage surcharge
Term Rate
24 Months 2.40% APR
36 Months 2.65% APR
48 Months 2.90% APR
60 Months 3.15% APR
72 Months 3.90% APR
  • APR = Annual Percentage Rate
  • Other rates, terms, and limits (up to 100% financing) are available or
    may apply depending on lending criteria.

All Other New Titled Vehicles - Boats and Trailers, Travel Trailers, ATV's, Jet Skis, etc.

  • 2014 New Vehicles
  • Loan limit - 95% of Manufacturer's Suggested Retail Price 
Term Rate
24 Months 5.00% APR
36 Months 5.25% APR
48 Months 5.50% APR
60 Months 5.75% APR
72 Months 6.25% APR
  • APR - Annual Percentage Rate
  • Other rates, terms, and limits are available or
    may apply depending on lending criteria.

Used Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes
Click Here for our Think Spring Discount of 0.50% on Vehicle Loans

  • Model Year 2007 - 2010 Vehicles
  • Loan Limit  -  95% of NADA Average Retail Value
Term Rate
24 Months 3.15% APR
36 Months 3.40% APR
48 Months 3.65% APR
60 Months 3.90% APR
72 Months 4.65% APR
Model Year 2006 and Older
Add ½% APR
  • APR = Annual Percentage Rate
  • Other rates, terms, and limits are available or
    may apply depending on lending criteria.
     

All Other Used Titled Vehicles - Boats and Trailers, Travel Trailers, ATV's, Jet Skis, etc.

  • Model Year 2007 and Newer Used Vehicles
  • Loan Limit  -  95% of NADA Average Retail Value
Term Rate
24 Months 5.50% APR
36 Months 5.75% APR
48 Months 6.00% APR
60 Months 6.25% APR
72 Months 6.75% APR
Model Year 2006 and Older
Add ½% APR
  • APR = Annual Percentage Rate
  • Other rates, terms, and limits are available or
    may apply depending on lending criteria.
 
 
IBEW Local 56 FCU
962 West 20 Street
Erie, PA 16502
Phone:  (814) 455-2270      FAX:  (814) 455-4307
Toll Free:  (800) 723-7800

email:
Routing Number: 243381065
 
IBEW Local #56 FCU - Once A Member ... Always A Member
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